CLICK HERE TO REVIEW LEARNING OBJECTIVES ASS QUESTION 4 Not complete Marked out of 100 Rag question Preparing an Unadjusted Trial Balance and Adjustments SnapShot Company, a commercial photography studio, has just completed its first full year of operations on December 31, 2015. General ledger account balances beforeyear- end adjustments follow; no adjusting entries have been made to the accounts at any time during the year. Assume that all balances are normal. Finish Time 19,350 Accounts Payable Accounts Receivable 34,200 Unearned Photography Fees 23,400 113,400 Common Stock Prepaid Insurance 26,730 Photography Fees Earned 310.320 38,250 Wages Expense 205,200 Utilities Expense Cash $17,190 Prepaid Rent 216,000 Supplies 9,000 Equipment 30,780 An analysis of the firm's records discloses the following 1. Photography services of $8.325 have been rendered, but customers have not yet paid or been billed. The firm uses the account Fees Receivable to reflect amounts due but not yet billed 2. Equipment, purchased January 1, 2015, has an estimated life of 10 years 3. Utilities expense for December is estimated to be $3,600, but the bill will not arrive or be paid until January of next year 4. The balance in Prepaid Rent represents the amount paid on january 1, 2015. for a 2- year lease on the studio. 5. In November, customers paid $23,400 cash in advance for photos to be taken for the holiday season. When received, these fees were credited to Unearned Photography Fees. By December 31, all of these fees are earned. 6. A 3-year insurance premium paid on January 1, 2015, was debited to Prepaid Insurance 7. Supplies available at December 31 are $13,680. 8. At December 31. wages expense of $3,375 has been incurred but not paid or recorded. (d) Set up T-accounts, enter the balances above, and post the adjusting entries to them